Corporate Overview

August 2021
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Background & History

Mindgate Solutions has been in the forefront of the payments revolution from its inception, an outlook
which has made it a key global player in payments technology & transaction processing. From building
new generation payment gateways to mobile-based collections and payments platforms like RTP & UPI,
Mindgate has been a true leader in the space.

Our strategic alliance with ACI Worldwide is a way to bolster our presence in the payments domain. Through
our partnership, we intend to blend our digital overlay services with ACI's Switch to leverage real-time UPI
opportunities globally.

Founded in 2008 and home to 750+ passionate payment professionals.

Headquartered in Mumbai, India with Regional technology centers in Singapore, Dubai, & San Francisco.

Property of Mindgate Solutions

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Solution Areas

At Mindgate we create solutions that help businesses across varied industries on the path to growth and
success. With our solutions we help our clients deliver seamless execution in their digital banking needs.

Retail Payments Corporate Payments Government Payments

o Real-Time Payments o Integrated Payment Hub o PFMS – DBT / Non DBT

o Payment Gateway o Virtual Account Management (POBO/COBO) o Conditional Cash Transfer

o Bill Presentment & Payments o Corporate B2B Collections (EIPP) o Fund Management

o Prepaid Card / Wallet o Corporate H2H / API Manager o Government Business Banking

o Merchant Management o Reconciliation & Settlement

o Reconciliation & Settlement

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India Story

3.24
INR
Key Figures: Bn. 15.71%
6.06 Bn.
Txns.
 Powers P2P and P2M Payments and
Collections. July 2021 Percentage Growth
Volumes (Txns. MOM)
 Powering 300K+ merchants collections.

*The names and logos mentioned in this document are for information purpose only.
 1 billion + RTP transactions every month.

 Over 2 million Merchants/Corporates RTP Clients (Global)

across banks.
Immediate Payments Ministry of Finance:
 70% of UPI transactions volume are routed Coverage: Citizen Benefit-DBT (India),
through Partnered Banks. UPI (India), G3 (Singapore), GST(India)
FPS (Hongkong) eDirham eCatalogue
WS FTS (UAE), Efawateer
 5000 TPS system clocking capability. (Bahrain), EFTS (Jordan) Central Infra:
PSD2 (UK / Europe / Australia) NPCI UPI Recon &
Settlement
 Over 10 Banks function with our UPI PG Aggregators:
implementation. Payment / Collection gateway Retail:
platforms are used by the Bill Payments, Toll
leading aggregators Collections,
BBPS (India), SADAD(KSA),
Social Payment Channels: NETC (India)
Google Pay, WhatsApp,
REALME Paisa
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Journey in 2021 (Jan - May 2021) 5
Mindgate UPI Story (Jan - May 2021)

While UPI volumes scaled new heights, Mindgate supported banks have successfully scaled up faster than their peers

1,194
1,131 1,116 44%
1,101 Transaction Volume Growth (6mo
946 950 44%
CAGR)
43%
4.80%

42% 42% 3.10%

42%

Jan Feb Mar Apr May Jun June 21Banks

MGS Supported
MGS supported banks (mn) MGS market share Other TSP Supported Banks

1,423 1,464
1,364 1,318
1,190 1,204 51%
Transaction Volume Growth (6mo
51%
51% 50% CAGR)
50% 4.20%
50%
2.70%

MGS supported banks (mn)
MGS Supported
June 21Banks
Other TSP Supported Banks
MGS market share
(Based on the data published by NPCI for top 30 Banks contributing about 95% of
transaction volume) Property of Mindgate Solutions
Mindgate’s Market Share 6
Leading the Market with 3X more transactions compared to closest competition

2 in top 5 UPI banks use Mindgate UPI solution Clear Market Leadership of Mindgate UPI…

Beneficiary Bank Transaction Remitter Bank Transaction

(mn; June 2021) (mn; June 2021)

5 in top 10 UPI banks use Mindgate UPI solution 1,194

44% 1,385 1,464
1,529 49% 51%
56%

MGS supported banks Others MGS supported banks Others

Mindgate has competition from 14 players in top 30 UPI .. With lowest technical declines
banks (at HDFC 0.06% as remitter and 0.03% as beneficiary)

(Based on the data published by NPCI for top 30

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Banks)
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Global Clients
In a short time frame, Mindgate has acquired customers in India and is now expanding its portfolio in Middle East, USA & South East Asia.

BANKS

*The names and logos mentioned in this document are for information purpose only.
PROCESSORS
MARKET
INFRASTRUCTURE

CORPORATE

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Value Proposition

• Quick and easy Customer onboarding for

Real time payments rails.

• Greater customer penetration and value

added services.

• Exposure to merchants in geography and

outside.

• Api’s for fintech’s and TPAP’s for larger

market penetration.

• Adoption of digital transaction from

paper based platforms.

• Real-time processing of merchant

transactions.

• Ready to deploy merchant end point

integration for faster merchant rollout.

• Bringing digital payments from large

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Thank You.